Air France & KLM merger
Air France & KLM merger
AIR France-KLM, the giant Franco-Dutch airline group, plunged into a loss in its fourth quarter, but still managed to salvage a full-year profit from cost savings carved out of the merger between the two carriers.
AIRLINE giant Air France KLM has enjoyed better-than-expected business in the past three months.
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AIRLINE giant Air France-KLM today said it had more than doubled its first-quarter profits as its posted its first set of combined results since merging.
BUDGET airline easyJet has launched a legal challenge to the merger between Air France and KLM on the grounds it would substantially reduce consumer choice.
EASYJET is challenging the merger between rivals Air France and KLM Royal Dutch after asking the Court of First Instance in Luxembourg to annul the European Commission’s clearance of the deal.
AIR France-KLM passenger traffic surged nearly 20 per cent last month, boosted by a strong performance in long-haul routes, the airline said as it reported its first figures as a merged group.
KLM, the Dutch airline poised to merge with Air France, has dropped plans to pay its top executives bonuses based on post-merger savings.
AIR France has opened its offer to buy Dutch airline KLM, in a bid to form the world’s biggest airline.
ITALIAN prime minister Silvio Berlusconi has said Alitalia, Air France and KLM should be merged into a new holding company that would allow them to keep their national identities.
EUROPEAN carriers Air France and KLM said today that they had agreed the French airline would acquire its smaller Dutch rival, creating the world’s third-largest airline group.
AIR France and KLM today shook hands on a deal to form what they claimed would be Europe’s leading airline.
ONE of the biggest ever shake-ups in European aviation is expected to be confirmed today, when Air France announces plans to buy a major rival, KLM.
A GIANT merger between Air France and Dutch rival KLM could be sewn up by tomorrow morning after union officials revealed the board of the French carrier will be locked in final discussions tonight.
ITALIAN Prime Minister Silvio Berlusconi said that Italy and France wanted to see a merger of Alitalia, Air France and KLM, creating Europe’s biggest airline.
THE European Commission and US authorities will negotiate new international flying rights on October 1, just as KLM and Air France’s desire for a merger to create Europe’s largest airline looks likely to be thwarted by the present aviation restrictions.
DUTCH airline KLM has confirmed it is no longer in talks over a possible alliance with British Airways because discussions over a similar tie-up with Air France’s SkyTeam have intensified.
KLM, Europe’s number four airline, has posted a smaller-than-expected first quarter loss despite a stinging blow from the flu-like Sars outbreak.
KLM, Europe’s fourth-biggest airline, has been forced to delay plans to axe 4500 jobs by at least a month because its workers’ council opposes it, the carrier has confirmed.
KLM, the Dutch flag carrier, is considering adding a further 1,500 job cuts to the 3,000 already announced, eyeing further ways to trim costs as the industry weathers its worst downturn in decades.
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